Protecting Your Bitcoin Privacy with Max Hillebrand - WBD253
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 21 August 2020
⏱️ 72 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Wednesday 12th August Company: Wasabi Wallet Role: Contributor
Many newcomers to Bitcoin mistakenly think of it as private, but the truth is far more complicated than that. While it is possible to use Bitcoin with a high level of privacy, it has been complicated by the growth in regulations.
Exchanges must enforce KYC in most jurisdictions to allow them to retain their banking services, while chain analysis is increasingly used to flag transactions deemed illicit.
While privately utilising Bitcoin is becoming harder, there are many tools available for Bitcoiners to reclaim their privacy. One of them is Wasabi wallet, best known for CoinJoin, a method which allows users to increase their Bitcoin anonymity.
In this interview, I talk to Wasabi wallet contributor Max Hillebrand. We discuss remaining anonymous while using Bitcoin, Wasabi wallet & CoinJoin, custodian solutions and living a Bitcoin-only life.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | For me the guiding principle is to reduce the number of seconds that I hold |
| 0:06.6 | Fiat shitcons. |
| 0:08.6 | Hello there from Bedford in the UK, how are you all? |
| 0:12.4 | Welcome to the What Bitcoin did podcast which is brought to you from Bedford in the UK. How are you all? |
| 0:12.8 | Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken, |
| 0:16.4 | best place to buy, sell and trade Bitcoin. |
| 0:18.8 | I'm your host Peter McCormack, and today I've got an interview with Max Hillerbrand |
| 0:22.4 | where we're going to be discussing Bitcoin privacy. |
| 0:25.0 | But before that I do have a message from my show sponsors and make sure you check them out. |
| 0:29.0 | It's the sponsors who enable me to do all this work. |
| 0:32.0 | So first up, we're going to talk about BlockFi who are the future of |
| 0:34.7 | Bitcoin and financial services and firstly just a big congratulations out there to Flory and |
| 0:39.6 | Zach they've just raised another massive round of funding which is a great indication of where the business is going. |
| 0:45.0 | They've had an amazing couple of years. |
| 0:47.0 | So congratulations guys, keep smashing it. |
| 0:49.0 | So with BlockFi, you can open up an interest account and you can earn money on your Bitcoin. I am a customer. I love getting my interest every month. |
| 0:57.0 | And also using your Bitcoin collateral you can take out a USDA loan. You can fund your BlockFi account directly from your Bitcoin wallet and with so much more coming this year. I know they're going to smash it. If you're interested in finding out more then do your own research and then head over to Blockfire.com, which is B-L-O-C-C-F-I-I-D-C-F-I-L-O-C-K-F-I-com. Also we need to talk about |
| 1:16.8 | the mighty Kraken which is the very best place for trading Bitcoin if you knew |
| 1:22.2 | the Bitcoin. |
| 1:22.8 | If you hadn't gone out there and bought any, yeah and you're thinking, |
| 1:25.2 | where am I going to do this? Which exchange am I going to use that you can do much better than |
| 1:29.2 | going to cracken? Why though? Well firstly, they have absolutely now the security. They are the most trusted |
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